Press releases

RBPlat project update: excellent progress at Boschkoppie Phase II and III, and at Styldrift Project

Boschkoppie Phase II is a seven-year capital replacement project, which entailed the extension of Boschkoppie North and South shafts from 6 level down to 10 level. The project has progressed well over the last six months, meeting both cost and schedule parameters. North shaft will be completed in August this year, while South shaft will be completed in the first half of 2012.

Phase III is the extension of North shaft from 11 level down to 15 level. This project started in January 2010 and will be completed in July 2017. The project is presently under budget and slightly ahead of schedule.

The company’s flagship Styldrift I Project has progressed exceptionally well over the past six months with the erection of the main and service shaft headgears having started in January 2011. The erection phase was completed successfully with zero harm.

Pre-sink activities began on the main and service shafts during the last quarter of 2010. This was successfully completed down to a depth of just over 60 metres in April 2011. Conversion from pre-sink to full sink was completed at the end of June with the full sink having begun in July.

The project is currently two months ahead of schedule and reflecting a cost saving against budget of approximately R233.4 million to date.

A design optimisation study of Styldrift I is being conducted, the key components of which include: shaft bottom infrastructure, bord and pillar mining layouts, trucks vs. conveyors on strike haulages, pneumatic vs. electric drilling, and access to the UG2.

For further enquiries, please contact:

Lindiwe Montshiwagae
Investor Relations Manager
Tel: +27 (0)11 530 8056
Mobile: +27 (0)82 920 7803

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